Ahead of 4G services launch, Reliance Jio Infocomm said it will raise Rs 15,000 crore through rights issue to its existing shareholders.

The company which has invested over Rs 1 lakh crore in Jio, said that the board approved the decision on Monday.

Reliance Industries in a stock exchange regulatory filing said that the board approved a further issue of 15 billion equity shares of Rs 10 each totaling to Rs.15,000 crore to existing shareholders.

[source]